Royal DSM, the global life sciences and materials sciences company, announced April 8 that it has completed the acquisition of Tortuga Companhia Zootécnica Agrária (Tortuga), a nutritional supplements company in Brazil with a focus on pasture raised beef and dairy cattle for a total enterprise value of about 440 million euros. The acquisition was originally announced Aug. 8, 2012.
Tortuga, a market leader in Brazil for organic trace minerals for animal nutrition and health, strengthens DSM's position in nutritional supplements and additives for ruminants and our presence in Brazil, one of the leading ruminant markets in the world, the announcement said.
Tortuga also broadens DSM's animal nutrition ingredients portfolio with organic trace minerals, while offering many value creating synergies. Tortuga is headquartered in Sao Paulo, Brazil, and has approximately 1,200 employees.
Full scale integration will now begin. A dedicated integration team consisting of both DSM and Tortuga representatives will work diligently to assess the best way to execute the integration while focusing on future synergy generation.